The PE reports that in the first quarter of this year "In Riverside County, 6,519 homes went to foreclosure, up almost 347 percent from a year earlier and setting a record for the fourth consecutive quarter."
I have noticed a boom in buying the last month. Do you think that has already ended and these foreclosures are just the next round of houses that will be available?
Thank you my shill Ben for the opportunity to expound on this issue. Yes, the speculators are out in abundance thinking that they caught the market at its low point. If they have, the probably will have more buyers getting in on the recent spate of foreclosures. With interest rates low, and plenty of money provided by FHA (the Government), there should be a rapid purchase of these recent foreclsosures.
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I have noticed a boom in buying the last month. Do you think that has already ended and these foreclosures are just the next round of houses that will be available?
Thank you my shill Ben for the opportunity to expound on this issue. Yes, the speculators are out in abundance thinking that they caught the market at its low point. If they have, the probably will have more buyers getting in on the recent spate of foreclosures. With interest rates low, and plenty of money provided by FHA (the Government), there should be a rapid purchase of these recent foreclsosures.
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